JSPL to set up world's biggest steel plant in Orissa

Economic Times, Feb 26, 2011
BHUBANESWAR: Optimistic of commissioning the proposed 6 million tonnes per annum steel project in Orissa by 2013, Jindal Steel and Power (JSPL) on Saturday said it would keep enhancing the plant's capacity to make it the world's biggest steel plant .


"We will be able to achieve the capacity of 6 mtpa steel plant by 2013," JSPL executive vice-chairman and managing director Naveen Jindal told reporters after meeting Orissa Chief Minister Naveen Patnaik .

He added, "The capacity of the proposed 6 mtpa (million tonnes per annum) steel plant will be expanded to 20 mtpa in the next 10 years. This will be the biggest steel plant in the world."

He said the company had already invested Rs 10,000 crore and placed order for another Rs 5,000 crore for its Orissa steel project.

While JSPL would invest Rs 45,000-50,000 crore in steel sector, another Rs 50,000 crore would be invested in its proposed Coal-To-Liquid (CTL) plant.

"The company is likely to invest Rs 1,10,000 crore in next 10 years," Jindal said, claiming that the environmental clearance to its project was not conditional.
To a question on rehabilitation of the project-affected people, Jindal said the company had already demonstrated its activities.